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1352 W 10th Place Tempe, AZ 85281

4 Beds 3 Baths 1,826 sqft Built 1961

$419,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $229.46
  • 5 Days on Market
  • MLS # : 6164777
  • Updated Date : 11/25/2020 at 12:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,826 sqft
  • Baths : 2 full , 1 half
Listing Agent

Moxie Real Estate

Listing Agent's Description

This beautiful Tempe home is completely remodeled featuring an open concept living with 4 bedrooms and 2.5 bathrooms. The kitchen features white shaker cabinets with quartz countertops and a center island. Fresh Paint, New Vinyl Windows, and a beautiful plank flooring throughout. Easy access to Freeways, ASU, and Phoenix Sky Harbor Airport. Stop by today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gililland

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k290k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Gililland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7231703

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Holdeman Elementary School Primary Regular 618 36 2
Gililland Middle School Middle Regular 901 59 3
Tempe High School High Regular 1,550 78 3

Holdeman Elementary School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 36
2
GreatSchools Rating

Gililland Middle School

  • Education Level: Middle
  • # of students: 901
  • # of teachers: 59
3
GreatSchools Rating

Tempe High School

  • Education Level: High
  • # of students: 1,550
  • # of teachers: 78
3
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,546
Property Tax -$276
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$236

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$419,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$56,499

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,2004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1352 W 10th Place Tempe, AZ 1
    • 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,826 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1349 W 12th Street Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,833 Sqft ∙ Built 1979
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
  • 1330 W 12th Street Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1979
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.20
    •  
  • 1218 W 10th Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1968
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.23
    •  
  • 1324 W 12th Street Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1980
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.32
    •  
PROPERTY LISTING DETAILS
Joshua R Mcdaniel
Moxie Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164777
Last Updated: 11/25/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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